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[ad_1] New York: The US Federal Reserve has approved its 10th interest rate hike in 14 months, increasing its key interest rate by 0.25 percentage points. The Fed also signalled that Wednesday’s hike may be its last one for now, BBC reported. The rate hikes have sharply raised borrowing costs across the world’s largest economy,…
[ad_1] New Delhi: The BCCI on Sunday announced an increase in prize money for the domestic tournaments with the Ranji Trophy winners set to receive a whopping cash reward of Rs 5 crore this year. According to the new pay structure, Ranji Trophy winners, who currently get a cheque of Rs 2 crore, will be…
[ad_1] Despite last month’s brisk job growth, the latest economic signs increasingly suggest that an economic slowdown may be upon us. Manufacturing is weakening. America’s trade with the rest of the world is declining. And though restaurants, retailers and other services companies are still growing, they are doing so more slowly. For Fed officials, taming…
[ad_1] (Representational Image) Ahmedabad: The Gujarat Cooperative Milk Marketing Federation (GCMMF) on Saturday hiked the Amul milk price by Rs 2 per litre in the state. This marks the first increase in milk prices since the state Assembly elections in December 2022. The GCMMF, which is the apex body of milk cooperatives in the state,…
[ad_1] More than 50 percent Dip in new enrolments in 2023 in comparison to previous academic year Srinagar, Mar 31: In the ongoing academic year, the government-run-schools of all districts in Kashmir valley have recorded an increase in student enrolment by more than 19 percent. The official figures accessed by the news agency—Kashmir News Observer…
[ad_1] Cairo: Egypt’s Monetary Policy Committee (MPC) decided to raise the interest rates of the central bank by 200 basis points in a new bid to contain high inflation, In a statement on Thursday, the Central Bank of Egypt (CBE) said the deposit and lending rates were raised to 18.25 per cent and 19.25 per…
[ad_1] Photo: Unsplash Abu Dhabi: With Ramzan around the corner, the United Arab Emirates (UAE) has announced a temporary increase in the prices of eggs and poultry products by a maximum of 13 percent, the Emirates News Agency (WAM) reported. On Saturday, the Ministry of Economy (MoE) approved the decision and the prices would be…
[ad_1] Last month, the government reported a surprising burst of hiring for January — 517,000 added jobs — though that gain was revised down slightly to 504,000 in Friday’s report. Consumers also ramped up their spending in January, suggesting that the economy had strengthened at the start of the year. The Fed’s preferred inflation gauge…
[ad_1] Washington: US President Joe Biden will make a renewed push to overhaul the nation’s tax code and dramatically raise the rates paid by corporations and wealthy Americans, the media reported. The President is expected to lay out the tax hikes on Thursday as part of his budget blueprint for federal spending in fiscal 2024,…
[ad_1] Beijing: China on Sunday hiked its defence budget by 7.2 per cent, marginally higher than last year, to 1.55 trillion yuan (about USD 224 billion), marking the eighth consecutive year of increase in its military spending. China last year pegged its defence budget at 1.45 trillion yuan, a 7.1 per cent increase. This year…